Using Price Action fundamentals only, see targets for possible 'Worst Case' scenarios for 2022 Bear Market using 'Measured Moves / FIBs / W&D OBs'.
Chart shown in Weekly Time Frame - zoom out and in to look about.
Using Price Action fundamentals only, see targets for possible 'Worst Case' scenarios for 2022 Bear Market using 'Measured Moves / FIBs / W&D OBs'.
Chart shown in Weekly Time Frame - zoom in to look about.
For an idea of what is in the realms of possibility with other bear markets for BTC (ignoring the current macro landscape); this post overlays the 2014 and 2018 bear markets over the current 2022 Bear Market PA.
Do we have more to drop?
Have we already put in our cycle bottom and are in our current cycle bottom accumulation trading range?
Current Price range is showing characteristics of Wyckoff Accumulation (see link below for more information).
Wyckoff Accumulation: school.stockcharts.com
The question is, are we forming our cycle bottom accumulation trading range or building a price fractal prepping for one more push down to our blue line key levels below?
Currently tracking this formation for...
Current Price range is showing characteristics of Wyckoff Accumulation (see link below for more information).
Wyckoff Accumulation: school.stockcharts.com
The question is, are we forming our cycle bottom accumulation trading range or building a price fractal prepping for one more push down to our blue line key levels below?
Currently tracking this formation for...
Just a quick update, first daily flash of the CBI was captured in the last few hours (noting we need to close the daily to lock it in).
As discussed previously, indicator was fitted based on the past two cycle bottoms with a 3 day tolerance.
This is a short post intended to look at the comparisons between the current price action with the DEC 2018 cycle bottom; and what current price action may look like if we continue similar to 2018.
Quick update on the Cycle Bottom Indicator (CBI) tracking + Log Chart post central bank federal funds rate announcement with a 75 basis point increase.
See link for announcement: www.wsj.com
This was not too much of a surprise, given:
1) inflation numbers after a
2) massive increase in M1 currency supply post COVID (in all tear 1 currencies) and
3) the...
![BTCUSDT: TARGETS [Worst Case] Measured Moves / FIBs / W&D OBs - Daily](https://s3.tradingview.com/b/BfrhLPMt_mid.png "TARGETS [Worst Case] Measured Moves / FIBs / W&D OBs - Daily")
![BTCUSDT: TARGETS [Worst Case] Measured Moves / FIBs / W&D OBs - Weekly](https://s3.tradingview.com/t/tGPtUSPI_mid.png "TARGETS [Worst Case] Measured Moves / FIBs / W&D OBs - Weekly")
![BTCUSD: Cycle Bottom Indicator [CBI] - Log Chart [UPDATE 08] First Flash](https://s3.tradingview.com/y/ymVGAUfW_mid.png "Cycle Bottom Indicator [CBI] - Log Chart [UPDATE 08] First Flash")
![BTCUSD: Cycle Bottom Indicator [CBI] - 2018Bottom Comparison [UPDATE 05]](https://s3.tradingview.com/m/mfvPCAy9_mid.png "Cycle Bottom Indicator [CBI] - 2018Bottom Comparison [UPDATE 05]")
![BTCUSD: Cycle Bottom Indicator [CBI] - Log Chart [UPDATE 03 - FED 0.75%]](https://s3.tradingview.com/p/PragSxLa_mid.png "Cycle Bottom Indicator [CBI] - Log Chart [UPDATE 03 - FED 0.75%]")